Global Veterinary Vaccines Market to Grow at 6.9% CAGR through 2024

Press release Description

Albany, New York, July 11, 2018: A new research study titled “Veterinary Vaccines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the business intelligence report, the global veterinary vaccines market is expected to grow at a robust CAGR of 6.9% during the assessment period from 2017 to 2024.

The report with key insights, begins with an executive summary that includes market snapshot of the global veterinary vaccines market providing 360 degree view of the market to its readers. The market dynamics section in the report offers in-depth analysis in order to identify key factors driving and restraining the growth of the market globally. In this section, the readers also find the various future opportunities available in the global market for new entrants as well as existing players.

The detailed report, segments the global veterinary vaccines market on the basis of animal type, technology type and region. The animal segment is further bifurcated into veterinary vaccines (companion animals) and veterinary vaccines (livestock animals). The companion animals are divided into canine, equine and feline. As per the report, the segment of companion animals has been growing speedily in the past due to the increase in the number of pet owners and zoonotic diseases.

The livestock animals are categorized into ovine, poultry, bovine and porcine. The technology segment is sub-segmented into live attenuated vaccines, toxoid vaccines, DNA vaccines, inactivated vaccines, conjugate vaccines and recombinant vaccines. According to the report, the sub-segment of live attenuated vaccines is expected to witness robust growth during the forecast period due to the increase in number of companion animals and farms. On the other hand, the sub-segment of inactivated vaccines is estimated to be valued for US$3,951.1 Mn by the end of 2024 due to the outbreaks related to animal diseases.

Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific and Middle East & Africa. As per the report analysis, North America has been dominating the global market owing to strict mandates by government, highest number of pets and organized livestock farms.

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